Kingfisher (OTCMKTS:KGFHY) Shares Down 3% - Here's Why

Kingfisher PLC (OTCMKTS:KGFHY - Get Free Report)'s share price dropped 3% during mid-day trading on Tuesday . The stock traded as low as $7.34 and last traded at $7.35. Approximately 54,273 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 55,777 shares. The stock had previously closed at $7.58.

Analysts Set New Price Targets

KGFHY has been the topic of several analyst reports. Citigroup reissued a "neutral" rating on shares of Kingfisher in a report on Thursday, May 22nd. BNP Paribas raised shares of Kingfisher to a "strong sell" rating in a report on Thursday, May 29th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Kingfisher in a report on Wednesday, March 26th. Finally, Barclays lowered shares of Kingfisher from an "equal weight" rating to an "underweight" rating in a report on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Kingfisher has a consensus rating of "Hold".

Kingfisher Stock Up 0.7%

The company's fifty day moving average price is $7.73 and its two-hundred day moving average price is $6.90.

Kingfisher Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, July 3rd. Shareholders of record on Monday, May 26th were issued a dividend of $0.203 per share. The ex-dividend date was Friday, May 23rd. This represents a yield of 3.44%. This is a positive change from Kingfisher's previous dividend of $0.09.

About Kingfisher

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands. The company sells its products through stores and e-commerce channels.